Deposit Accounts &

Services For Individuals

Deposits Guide
WELCOME TO DBS
Thank you for choosing to bank with DBS! We look forward to meeting all
your banking needs, giving you a delightful experience. DBS is one of the
largest financial institutions in Asia with operations in 16 markets, and a
leader in Consumer Banking in Singapore.

Start banking according to your financial needs:

• Innovative banking across all touchpoints

With a new DBS deposit account, you will enjoy a host of innovative
services designed for convenience and peace of mind. For customers who
open a savings or current account, you will receive an ATM/Debit Card*
to let you access ATM, Cash Deposit Machines, AXS Stations, and make
purchases.

• Bank anywhere, anytime with our services

Enjoy the convenience of DBS digibanking (either online or on mobile),
Phone Banking, and access to eStatements round-the-clock.

Please read on to explore the services you could now enjoy, and the
fees and charges applicable. Other than deposit accounts, DBS offers a
complete range of products and services to meet all your financial needs.
To find out more, we invite you to visit www.dbs.com/sg.

Welcome, and enjoy banking with DBS.

Available for personal and joint-alternate savings and current accounts.

*
CONTENT

Introduction..................................................................................................................... 4

For Multiplier Programme

DBS Multiplier Account................................................................................................. 5

For All Customers

My Account...................................................................................................................... 6

For Singaporeans/PRs
DBS Savings Account..................................................................................................... 7
DBS eMulti-Currency Autosave Account................................................................... 8
DBS eMulti-Currency Autosave Plus Account.......................................................... 9
DBS Multi-Currency Autosave Plus Account..........................................................10
DBS eAutosave Account.............................................................................................11
DBS eAutosave Plus Account.....................................................................................11
DBS Current Account...................................................................................................11

For Foreigners
DBS Expatriate eMulti-Currency Autosave Account............................................12
DBS Expatriate eMulti-Currency Autosave Plus Account...................................13
DBS Expatriate eAutosave Account.........................................................................14
DBS Expatriate eAutosave Plus Account................................................................14

For Special Savings Needs

S$ Fixed Deposit Account ..........................................................................................15
DBS Premier Income Account...................................................................................15
DBS Foreign Currency Fixed Deposit Account......................................................15
DBS Foreign Currency Current Account.................................................................16

Making Payments
Inward Remittances.....................................................................................................17
Outward Remittances............................................................................................17-18

Other Services
Cheque Charges...........................................................................................................19
Coin Charges.................................................................................................................20
Cash Charges.................................................................................................................20
Others.............................................................................................................................21

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CONVENIENT BANKING ANYTIME, ANYWHERE
We lead innovation to bring you better transactional capabilities, especially in
cashless convenience. So, banking could be faster and easier with DBS. Enjoy
the following and many more to come.

Cash/Cheque Transactions
• Cash withdrawal at more than 1,000 ATM in Singapore, and overseas
cash withdrawal at PLUS ATM worldwide.

• Deposit round-the-clock at Cash Deposit Machines and Coin Deposit

Machines.

• Deposit your cheque anytime without queuing at the Quick Cheque

Deposit Box located outside each branch.

Cashless Convenience
• Instant funds transfer to almost anyone in Singapore, crediting into
their DBS/POSB accounts.

• Easy and quick bill payment through GIRO, Internet Banking, AXS
Station or ATM.

• Top-up ez-link card at any ATM or AXS Station.

• Top-up CashCard at any ATM.

• Cashless shopping with your DBS Debit Card in Singapore and

Visa merchants worldwide.

Here are some popular services, accessible easily via the Self-Service
Banking Services:

Conveniently accessible via

Services available Internet Phone

ATM AXS
Banking Banking
Funds Transfer • • •+
Bill Payment • • • •
Top-up ez-link card • •
Top-up CashCard •
• •
Top-up Telco Prepaid cards from
SingTel, M1 or Starhub

Electronic Payment for Shares • • •

IPO Application • •
Balance Enquiry • • •
Transaction History Enquiry • •
• •
*
Update Address

• •
Activation of overseas cash
withdrawal

+
Available for funds transfer within your DBS/POSB accounts only.
* New address can be updated for Deposits, Loans and Investments, Credit Cards
(Principal Cardholders only), Cashline and Margin Trading (Share Financing)

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 For Multiplier Programme
DBS Multiplier Account
The DBS Multiplier Programme rewards you for your relationship with the
bank. Based on your total cash flow from key income and expenses, you
stand to earn higher interest on the SGD balances in your DBS Multiplier
Account.
Fees and charges:
Service charge S$5.00 per month
(if average daily balance falls below
S$3,000)

Incidental overdraft interest charge on Not applicable

SGD balance

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Deposits/Withdrawals in foreign
currency
Same charges as Foreign
Foreign Currency Cash Conversion Currency Current Account

If you wish to convert an amount

in a foreign currency into another
foreign currency, we will convert
to S$ equivalent and then re-
convert to the foreign currency at
prevailing exchange rates.

Note: Service charge is waived for customers up to 29 years old.

Other charges related to foreign currencies:

(All amounts stated in the table are in the original foreign currency.)

Min. incidental overdraft

Currency
interest charge
AUD 10
CAD 10
CNH N.A.
EUR 10
GBP 5
HKD 55
JPY 750
NOK 50
NZD 10
SEK 60
THB 200
USD 10

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 For All Customers
My Account
My Account is the first customisable account that lets you bank the way
you live. Forget juggling multiple accounts, enjoy the power to manage your
finances the way it suits you with an account that meets your deposit needs
throughout your life.
Fees and charges:
Service charge S$0
(No minimum average daily balance
required)

Incidental overdraft interest charge on Not applicable

SGD balance

Account fee S$2 per month

(With paper statement)

Deposits/Withdrawals in foreign Same charges as Foreign

currency Currency Current Account

Foreign Currency Cash Conversion If you wish to convert an amount

in a foreign currency into another
foreign currency, we will convert
to S$ equivalent and then re-
convert to the foreign currency at
prevailing exchange rates.

Note: Account fee is waived for customers up to 16 years old.

Other charges related to foreign currencies:

(All amounts stated in the table are in the original foreign currency.)

Min. incidental overdraft

Currency
interest charge

AUD 10
CAD 10
CNH N.A.
EUR 10
GBP 5
HKD 55
JPY 750
NOK 50
NZD 10
SEK 60
THB 200
USD 10

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 For Singaporeans/PRs
DBS Savings Account
A savings account for your day-to-day banking needs. Packaged with a debit
card, internet banking and eStatement.
Fees and charges:
Service charge for accounts opened S$2 per month
before 12 September 2011 (if average
daily balance falls below S$500)
Service charge for accounts opened S$2 per month
from 12 September 2011 (if average
daily balance falls below S$1,000)

Incidental overdraft interest charge Prime + 5% p.a. payable on the

overdrawn amount (min. S$20)

Note: : DBS Savings Account is no longer available. Please consider DBS

Multiplier Account or My Account.

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DBS eMulti-Currency Autosave Account
An all-in-one account to let you save and transact in SGD and foreign
currencies, packaged with a debit card, internet banking and eStatement.
Fees and charges:
Service charge S$7.50 per month
(if average daily balance falls
below S$3,000)
Incidental overdraft interest charge Not applicable
on SGD balance

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Deposits/Withdrawals in foreign Same charges as Foreign

currency Currency Current Account

Foreign Currency Cash If you wish to convert an amount

Conversion in a foreign currency into another
foreign currency, we will convert
to S$ equivalent and then re-
convert to the foreign currency
at prevailing exchange rates.

Note: Service charge is waived for customers up to 29 years old. DBS

eMulti-Currency Autosave Account is no longer available. Please consider
DBS Multiplier Account or My Account.

Other charges related to foreign currencies:

(All amounts stated in the table are in the original foreign currency.)

Min. incidental overdraft

Currency
interest charge

AUD 10
CAD 10
CNH N.A.
EUR 10
GBP 5
HKD 55
JPY 750
NOK 50
NZD 10
SEK 60
THB 200
USD 10

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DBS eMulti-Currency Autosave Plus Account
An all-in-one chequeing account to let you save and transact in
SGD and foreign currencies, packaged with a debit card, internet banking
and eStatement.
Fees and charges:
Account fee S$2 per month

Service charge S$7.50 per month

(if average daily balance falls below
S$3,000)
Incidental overdraft interest charge Not applicable
on SGD balance

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Deposits/Withdrawals in foreign Same charges as Foreign

currency Currency Current Account

Foreign Currency Cash Conversion If you wish to convert an amount

in a foreign currency into another
foreign currency, we will convert
to S$ equivalent and then re-
convert to the foreign currency at
prevailing exchange rates.

Other charges related to foreign currencies:

(All amounts stated in the table are in the original foreign currency.)

Min. incidental Outward

Stop payment of
Currency overdraft interest returned cheque
cheque
charge charge

AUD 10 30 40
CAD 10 30 40
CNH N.A. N.A. N.A.
EUR 10 30 35
GBP 5 30 35
HKD 55 180 240
JPY 750 3,000 3,200
NOK 50 150 180
NZD 10 45 55
SEK 60 150 200
THB 200 750 1,000
USD 10 30 40

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DBS Multi-Currency Autosave Plus Account
An all-in-one chequeing account to let you save and transact in SGD and
foreign currencies, packaged with a debit card and option for eStatement.
Fees and charges:
Account fee S$4 per month

Service charge S$7.50 per month

(if average daily balance falls below
S$3,000)
Incidental overdraft interest charge Not applicable
on SGD balance

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Deposits/Withdrawals in foreign Same charges as Foreign

currency Currency Current Account

Foreign Currency Cash Conversion If you wish to convert an amount

in a foreign currency into another
foreign currency, we will convert
to S$ equivalent and then re-
convert to the foreign currency at
prevailing exchange rates.

Other charges related to foreign currencies:

(All amounts stated in the table are in the original foreign currency.)

Min. incidental Outward

Stop payment of
Currency overdraft interest returned cheque
cheque
charge charge

AUD 10 30 40
CAD 10 30 40
CNH N.A. N.A. N.A.
EUR 10 30 35
GBP 5 30 35
HKD 55 180 240
JPY 750 3,000 3,200
NOK 50 150 180
NZD 10 45 55
SEK 60 150 200
THB 200 750 1,000
USD 10 30 40

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DBS eAutosave Account
A SGD interest-earning chequeing account, packaged with a debit card,
internet banking and eStatement.
Fees and charges:
Account fee S$2 per month
Service charge S$7.50 per month
(if average daily balance falls below
S$3,000)
Incidental overdraft interest charge Not applicable

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)
Note: DBS eAutosave Account is no longer available. Please consider our
range of Multi-Currency Autosave Accounts.

DBS eAutosave Plus Account

A SGD interest-earning chequeing account, packaged with a debit card,
internet banking, eStatement and paper statement.

Fees and charges:

Account fee S$4 per month
Service charge S$7.50 per month
(if average daily balance falls below
S$3,000)
Incidental overdraft interest charge Not applicable

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)
Note: DBS eAutosave Plus Account is no longer available. Please consider
our range of Multi-Currency Autosave Accounts.

DBS Current Account

A non-interest earning chequeing account.

Fees and charges:

Service charge S$7.50 per month

(if average daily balance falls below
S$3,000)
Incidental overdraft interest charge Not applicable

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)
Note: DBS Current Account is no longer available. Please consider our range
of Multi-Currency Autosave Accounts.

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 For Foreigners
DBS Expatriate Programme
A comprehensive suite of products and services to meet all your banking and
financial needs, making your transition here as smooth as possible.

DBS Expatriate eMulti-Currency Autosave Account

An all-in-one account to let you save and transact in SGD and foreign
currencies, packaged with an all-in-one card, internet banking and
eStatement.
Fees and charges:

Service charge S$7.50 per month

(if average daily balance falls below
S$5,000)
Incidental overdraft interest charge Not applicable
on SGD balance

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)
Deposits/Withdrawals in foreign Same charges as Foreign
currency Currency Current Account

Foreign Currency Cash Conversion If you wish to convert an amount

in a foreign currency into another
foreign currency, we will convert
to S$ equivalent and then re-
convert to the foreign currency at
prevailing exchange rates.

Other charges related to foreign currencies:

(All amounts stated in the table are in the original foreign currency.)

Min. incidental overdraft

Currency
interest charge

AUD 10
CAD 10
CNH N.A.
EUR 10
GBP 5
HKD 55
JPY 750
NOK 50
NZD 10
SEK 60
THB 200
USD 10

Note: DBS Expatriate eMulti-Currency Autosave Account is no longer

available. Please consider DBS Multiplier Account or My Account.

Page 12
DBS Expatriate eMulti-Currency Autosave Plus Account
An all-in-one chequeing account to let you save and transact in SGD and
foreign currencies, packaged with an all-in-one card, internet banking and
eStatement.
Fees and charges:

Account fee S$2 per month

Service charge S$7.50 per month

(if average daily balance falls below
S$5,000)
Incidental overdraft interest charge Not applicable
on SGD balance

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Deposits/Withdrawals in foreign Same charges as Foreign

currency Currency Current Account

Foreign Currency Cash Conversion If you wish to convert an amount

in a foreign currency into another
foreign currency, we will convert
to S$ equivalent and then re-
convert to the foreign currency at
prevailing exchange rates.

Other charges related to foreign currencies:

(All amounts stated in the table are in the original foreign currency.)

Min. incidental Outward

Stop payment of
Currency overdraft interest returned cheque
cheque
charge charge

AUD 10 30 40
CAD 10 30 40
CNH N.A. N.A. N.A.
EUR 10 30 35
GBP 5 30 35
HKD 55 180 240
JPY 750 3,000 3,200
NOK 50 150 180
NZD 10 45 55
SEK 60 150 200
THB 200 750 1,000
USD 10 30 40

Note: DBS Expatriate eMulti-Currency Autosave Plus Account is no longer

available. Please consider our range of Multi-Currency Autosave Accounts.

Page 13
DBS Expatriate Autosave Account
A SGD interest-earning chequeing account for salary credit and your day-
to-day banking needs, packaged with a debit card, internet banking and
eStatement.

Fees and charges:

Account fee S$2 per month

Service charge S$7.50 per month

(if average daily balance falls below
S$5,000)

Incidental overdraft interest charge Not applicable

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Note: DBS Expatriate Autosave Account is no longer available.

Please consider our range of Multi-Currency Autosave Accounts.

DBS Expatriate eAutosave Plus Account

A SGD interest-earning chequeing account for salary credit and your
day-to-day banking needs, packaged with a debit card, internet banking,
eStatement and paper statement.

Fees and charges:

Account fee S$4 per month

Service charge S$7.50 per month

(if average daily balance falls below
S$5,000)

Incidental overdraft interest charge Not applicable

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Note: DBS Expatriate eAutosave Plus Account is no longer available.

Please consider our range of Multi-Currency Autosave Accounts.

Page 14
 For Special Savings Needs
Fixed Deposit Account
Save for a fixed tenor for potentially higher interest. Choose from SGD or a
wide range of foreign currencies.

S$ Fixed Deposit Account

Minimum deposit
• For tenor shorter than 1 month S$1 million

• For tenor of 1 month to S$1,000

60 months

Premier Income Account

(for persons 55 years old and above)

Minimum deposit S$10,000 for at least

6 months tenor

Foreign Currency Fixed Deposit Account

Minimum deposit S$5,000 equivalent

Deposits Same charges as Foreign

Currency Current Account

Withdrawals

• SGD Converted at the prevailing buying

exchange rate

• Foreign currency notes Same charges as Foreign

Currency Current Account

Notes:
1. Premature withdrawal of Fixed Deposit is subject to conditions. You
may earn less or no interest if you withdraw your fixed deposit before
maturity. An early withdrawal fee may also be imposed. Please refer to
the Bank’s Terms and Conditions Governing Accounts, which can be
found at www.dbs.com.sg.
2. Conversion between currencies involves exchange rates which are subject
to fluctuations. If you have used funds in another currency to place Foreign
Currency Fixed Deposit, you may receive an amount less than your original
amount of such funds upon conversion of your Foreign Currency Fixed
Deposit back to that other currency. In addition, you may be subject to
foreign exchange controls which may be imposed from time to time.
3. Advance notice must be given to the Bank for withdrawals in foreign
currency notes which are subject to availability.

Page 15
DBS Foreign Currency Current Account
All amounts stated in the table are in the original foreign currency.

Monthly Min
Stop Outward
Min average Service charge monthly
payment returned
Currency daily balance (if average overdraft
of cheque
(MADB) daily balance interest
cheque charge
< MADB) charge

AUD 1,500 10 10 30 40
CAD 1,500 10 10 30 40
CNH N.A. N.A. N.A. N.A. N.A.
EUR 1,000 10 10 30 35
HKD 8,000 55 55 180 240
JPY 200,000 750 750 3,000 3,200
NZD 1,500 10 10 45 55
NOK 7,500 50 50 150 180
GBP 800 5 5 30 35
SEK 8,000 60 60 150 200
CHF 2,200 10 10 30 40
THB 28,000 200 200 750 1,000
USD 1,000 7.50 10 30 40

Deposits in

• SGD Converted at the prevailing selling

exchange rate

• Foreign currency notes If account is in the same currency

as the foreign currency notes
deposited, a commission-in-lieu of
exchange (min. S$10) applies as
follows:
USD 1.5% AUD 2.5%
GBP 1.5% HKD 3.0%
JPY 1.5% Others 5.0%
EUR 1.5%
If account is in a currency different
from the foreign currency notes
deposited, the notes are converted
at the prevailing exchange rates.
Withdrawals in

• SGD Converted at the prevailing buying

exchange rate

• Foreign currency notes Same as for deposits apply

Early account closure fee S$30

(if account is closed within 6 months)

Note: DBS Foreign Currency Current Account is no longer available. Please

consider opening My Account.

Page 16
 Making Payments
Inward Remittances

Demand Draft

Handling commission 1/8% (min. S$10, max. S$100)

per draft

Telegraphic Transfer

Handling commission S$10

MEPS (MAS Electronic Payment System)

MEPS Receipt Free

FAST (Fast And Secure Transfer)

FAST Receipt Free

Outward Remittances

Cashier’s Order

• Share applications of S$5 per Cashier’s Order

IPOs using non-CPF funds

• Share applications of S$2 per Cashier’s Order

IPOs using CPF funds

• Other purposes Waiver of S$5 per Cashier’s Order

for payment to first party, subject
to one waiver per day.
S$5 per Cashier’s Order for
payment to third party.
Other Charges

• Postage charges Where applicable

• Stop payment charges S$15 per Cashier’s Order

Demand Draft/Telegraphic Transfer

Handling Commission

• Debit from account 1/8% (min. S$10, max. S$120)

per transaction

• Demand Draft debited from 1/8% (min. S$5, max. S$120) per
SGD account via iBanking transaction

• Telegraphic Transfer debited from S$5 for debiting amount S$5,000

SGD account/Multi- Currency and below; S$10 for debiting
Autosave via iBanking amount above S$5,000 to
S$25,000; S$35 for debiting
amount above S$25,000

Page 17
Service Fee S$3 for debiting amount equal or
• DBS Remit to Malaysia in MYR below S$500 equivalent

Other Charges for

Telegraphic Transfer

• Cable charges S$20

• Agent Bank charges Where applicable

• Cancellation/Stop S$15 plus Cable and Agent Bank

payment charges charges (where applicable) per
transaction

• Amendment charges S$10 plus Cable and Agent Bank

charges (where applicable) per
transaction

Other Charges for

Demand Draft
• Stop payment charges S$15 plus Cable and Agent Bank
charges (where applicable) per
transaction

• Amendment charges S$10 per draft

• Cancellation charges Free

Standing Order for Telegraphic Transfer

• One-time sign-up fee S$20

• Amendment fee S$10

MEPS (MAS Electronic Payment System)

MEPS Payment S$20 per payment

FAST (Fast And Secure Transfer)

FAST Payment

• Via counter S$20 per payment

• Via Internet Banking Free

Page 18
 Other Services

Cheque Charges

Cheque book charge 1st cheque book on account

opening is free. Thereafter, S$10
per cheque book of 50 leaves.

Stop payment of cheque for SGD

Current Account

• Via counter S$30 per cheque (max. S$60)

• Via Phone Banking S$15 per cheque (max. S$30)

DBS/POSB SGD returned cheques S$40 per cheque

due to insufficient funds or being
post-dated

Note:
In line with prevailing industry practice, effective 1 January 2021, a service
fee will be charged for each DBS/POSB SGD post-dated returned cheque.

Direct mark cheque S$100 per cheque

Retrieval of physical cheque S$50 per copy

(only available within 1 year of
clearing date)

Retrieval of cheque image

• Within 1 year of S$20 per copy

clearing date

• Between 1 and 3 years from S$30 per copy

clearing date

• More than 3 years from S$50 per copy

clearing date
Clearing of Foreign Currency
cheques
• USD cheques cleared via Singapore Free
USD Cheque
Clearing System

• Other cheques 1/8% (min. S$10, max. S$100)

per cheque

Notes:
1. Foreign Currency cheques will be sent for clearing and your account will
be credited after the proceeds are available.
2. The amount credited will be net of agent charges, postage, commissions
and any other fees (where applicable).

Page 19
Coin Charges

Coin Exchange/Withdrawal (at branch)

The minimum sum to exchange/withdraw is S$50.

Every multiple of S$50 S$1.80

Coin Deposit (at branch)

Please sort your coins according to denomination.

Number of pieces ≤ 100 S$1.80

Every subsequent 100 S$1.80

pieces or part thereof

Coin Deposit (via Coin Deposit Machine)

Every piece S$0.015 (total fee rounded

to the nearest one cent)

Notes:
1. Coin services (at branch) are available every Tuesday and Thursday from
8:30 to 11:30 am
2. The coin deposit fees will be automatically waived for child’s accounts
until the child turns 16 years old, for the first 1000 pieces deposited via
Coin Deposit Machine per calendar month.

*Coin deposit fees will apply from the 1001 coin piece.

Cash Charges

Cash (Notes) Deposit (at branch)

First S$20,000 per account, per day Waived

Subsequent S$10,000 or part thereof S$10

Notes:
1. The cash deposit fee is applicable for SGD notes.
2. Refer to Coin Charges for coin deposit fees.

Page 20
S$ Standing Instruction

One-time sign up fee S$10 (Free via iBanking)

Amendment fee S$5

Retrieval of Documents/Statements

Within 1 year S$20 per copy

Between 1 and 3 years S$30 per copy

More than 3 years S$50 per copy

Request

For referral letter/credit enquiry/ S$21.40 (Including GST)

financial standing letter per request

For audit confirmation of account S$50

balance(s)

Replacement

Of lost passbook S$15

Of DBS iB Secure Device S$20

This Deposits Guide is applicable to the accounts and related services

offered by DBS, and is subject to change without prior notice. Information is
correct at the time of printing.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and
deposits denominated in Singapore dollars under the Supplementary
Retirement Scheme are insured by the Singapore Deposit Insurance
Corporation, for up to S$75,000 in aggregate per depositor per Scheme
member by law. Monies and deposits denominated in Singapore dollars
under the CPF Investment Scheme and CPF Retirement Sum Scheme are
aggregated and separately insured up to S$75,000 for each depositor per
Scheme member. Foreign currency deposits, dual currency investments,
structured deposits and other investment products are not insured.

Page 21
DBS Bank Ltd Co. Reg. No. 196800306E Dec 2020
intentionally left blank.